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| *Loan,banking and credit>>>college loan |
Does one need credit history to be able to get student loans for college? |
Assuming that the person that wants to get a loan and his/her parents also have no credit history, can they still get student loans? If it is a first time government loan, not usually. Actually the student, providing he/she is over 18 can get a better deal than the parents. sure you can. go check out FASFA on the web, talk to the school's financial aid counselor....they will help you with everything that you need. One can get student loans as long as one acknowledges that these are in fact loans and one must pay them back. A credit history is not necessarily needed considering most student loan are for students who generally have no credit history. However, paying back your student loan will help establish your credit. HOW DO I PAY FOR COLLEGE? Enter to win a $10,000 scholarship! http://lnk.in/48ba Use it to pay off: *Tuition *Student Loans *Living Expenses *Books Click here http://lnk.in/48ba Here is an article i found http://hort.net/+1i5A with some information on student loan options and the best plans. If you are applying for the Federal Stafford Loans (apply at: www.fafsa.ed.gov), then no, you do not need credit. However, these loans do not necessarily cover the full cost of tuition, fees, room and board. You would then need to turn to alternative/private loans. In most cases, you would need some sort of positive credit history or a co-signer with a positive credit history. Keep in mind, your co-signer does not have to be a parent. I work for an alternative student loan company and have worked in the financial aid industry for 7 years. |
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